September 21, 2015

Goldman Calls It: No Rate Hike Until Mid-2016

... we got the latest confirmation that when it comes to policy, anything that Goldman wants, Goldman gets courtesy of a few clueless lifetime academics in charge of the US money printer.

With that out of the way, the only question that remains is not what will the Fed do, but what Goldman tells the Fed to do in 2015, or rather in 2016, because according to Jan Hatzius' latest note, one can forget about a hike in October or December, and instead focus on 2016, or rather the summer of 2016.

For the answer, we go straight to Goldman which in a rhetorical Q&A wonders "What were the most important things you learned from this week’s FOMC meeting?" to which the answer is "Mostly, the FOMC confirmed what we already knew."